Unemployment insurance actuarial and consulting services

The County of Orange, California, is soliciting proposals for Unemployment Insurance Actuarial and Consulting Services, targeting firms with expertise in public sector unemployment program actuarial services. The procurement spans Orange County and San Diego City, with a focus on providing comprehensive actuarial valuation and consulting services for the County's Unemployment Internal Service Fund (ISF 291). Respondents must have a minimum of three years of experience working with public sector clients in California, specifically in self-insured unemployment program actuarial services. The primary deliverables include biennial actuarial reports starting January 1, 2026, which will encompass liability estimates, benefit payment projections, funding recommendations, and analysis of potential impacts from federal and state regulatory changes. Proposals are due by August 28, 2025, at 2:00 pm and must be submitted electronically through the County's online bidding system. The evaluation process will comprehensively score proposals based on firm background, key personnel qualifications, work plan methodology, and cost proposal. The contract is structured with hourly rates for different professional levels, including Senior Principal, Principal, Senior Manager, Manager, Consultant, and Admin staff.

The procurement offers preferences for Local Small Businesses (OCLSB) and Disabled Veteran Business Enterprises (DVBE), potentially providing scoring advantages for certified businesses. Respondents must submit insurance certificates, W-9 forms, and comply with various administrative and legal standards. The draft model contract indicates a five-year term commencing January 1, 2026, with no price increases considered during the first year and subsequent adjustments requiring documented proof of cost increases. The contract includes a 2% administrative rebate on total sales for potential cooperative contracts with other entities and allows for termination with 30 days' notice. While specific budget ranges are not explicitly detailed, the hourly rate structure and requirement for biennial actuarial reports suggest a substantial, multi-year engagement. The County will process invoices net 45 days after receipt, and the contractor must provide annual usage reports. Importantly, the contractor must guarantee that quoted prices are equal to or less than prices offered to other government entities, ensuring competitive pricing.